Off-Market Condo: 17 at 1000 Providence Pl, Providence, RI, 02903
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1000 Providence Pl, Providence, RI, 02903

- #317

$349,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,550 per month, based on comparable local listings. Estimated long-term cap rate of 0.5%. Welcome to this charming, meticulously maintained (1Bed/1Bath) condo @ The 903 Residences that exudes comfort and style, nestled along the revitalized Woonasquatucket River in Downtown Providence. The location of the unit features an exclusive entry hall providing a sense of privacy and seclusion from the common areas of the building. The living space is a bright and sun-filled open area for versatile space planning capabilities and highlighted by a set of exterior French doors that open to a Juliette balcony allowing for an abundance of natural light and refreshing airflow, making it an ideal spot to enjoy a morning coffee or relax in the evenings. The kitchen boasts modern stainless-steel appliances, with a ample counter space to make cooking and entertaining a delight. Tucked away from the main living area, the primary bedroom suite is generously sized, providing a comfortable retreat that includes a large walk-in closet space for extra storage needs. The bathroom and separate laundry closet are connected to the primary suite and features a spa-like soaking tub, offering a perfect oasis to unwind after a long day. The monthly HOA fee includes assigned Garage Parking Space, (24hr) Fitness Center, Outdoor Pool/Spa, Movie Theater, Community Rm, and Dog Park. The location has you nestled in Downtown Providence - walk to the "Downcity" restaurants and shopping along the riverfront, minutes to the local Hospitals, Universities, Train Station, and Highway access. Awesome value.

Property Information
Monthly Rent
$2,550
Monthly HOA
$359
Rental Policy
STR Restrictions
Yearly Taxes
$2180
Bedrooms
1
Bathrooms
1
SQFT
741
Furnished
unknown
Year built
2003
Listing Status
Off Market
MLS
1350305

Long-term Rental Potential
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$30,600

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,550/mo

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